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Inheritances and Bequests

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  • Smith, J-P

Abstract

Important strides have been made in recent years in our understanding of the process of wealth accumulation. This paper uses data on planned bequests and acutal inheritances received from the recently fielded Health and Retirement Survey (HRS) and Asset and Health Dynamics of the Oldest Old (AHEAD). Combined these two surveys span the mature and older ages in the life-cycle that are most relevant for bequest behavior.

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Bibliographic Info

Paper provided by RAND - Labor and Population Program in its series Papers with number 97-04.

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Length: 51 pages
Date of creation: 1997
Date of revision:
Handle: RePEc:fth:randlp:97-04

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Postal: RAND, Labor and Population Program, 1700 Main Street, P.O. Box 2138 Santa Monica, CA 90407-2138.
Phone: (310) 393-0411, x7359
Fax: 310-393-4818
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Web page: http://www.rand.org/labor.html
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Keywords: WEALTH DISTRIBUTION ; INHERITANCE;

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Cited by:
  1. Karen E. Dynan & Jonathan Skinner & Stephen P. Zeldes, 2004. "Do the Rich Save More?," Journal of Political Economy, University of Chicago Press, vol. 112(2), pages 397-444, April.
  2. John J. McArdle & James P. Smith & Robert Willis, 2009. "Cognition and Economic Outcomes in the Health and Retirement Survey," NBER Working Papers 15266, National Bureau of Economic Research, Inc.
  3. F. Thomas Juster & James P. Smith & Frank Stafford, 2004. "The Measurement and Structure of Household Wealth," Labor and Demography 0402009, EconWPA.
  4. James P. Smith & John J. McArdle & Robert Willis, 2010. "Financial Decision Making and Cognition in a Family Context," Working Papers 785, RAND Corporation Publications Department.
  5. James P. Smith, 1999. "Healthy Bodies and Thick Wallets: The Dual Relation between Health and Economic Status," Journal of Economic Perspectives, American Economic Association, vol. 13(2), pages 145-166, Spring.
  6. Lee Lillard & Robert J. Willis, 2001. "Cognition and Wealth: The Importance of Probabilistic Thinking," Working Papers wp007, University of Michigan, Michigan Retirement Research Center.

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